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OIL: Norway’s Crude Supply to Rise Significantly in 2025: Kpler

OIL
Energy BulletsCEEMEABulletNorwayCommodities

Norwegian crude supply is projected to increase significantly in 2025, with production expected to ramp up from to around 1.92m b/d in Q4, Kpler said.

  • Meanwhile, Equinor's production startup from the Johan Castberg field in the Arctic Sea has been further delayed as severe weather hampers vessel and helicopter operations.
  • The project had been originally scheduled to launch in Q4 2024 but has faced multiple setbacks.
  • The first crude cargo, initially expected to load between 21-24 February, has now been pushed back to 14-17 April, according to loading schedule, cited by Kpler.
  • The grade is a light sweet. While its high middle distillate yield may make it an attractive feedstock for EU refineries, they will need to manage its high pour point of 6C, Kpler added. This may be addressed if Equinor explore blending options.
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Norwegian crude supply is projected to increase significantly in 2025, with production expected to ramp up from to around 1.92m b/d in Q4, Kpler said.

  • Meanwhile, Equinor's production startup from the Johan Castberg field in the Arctic Sea has been further delayed as severe weather hampers vessel and helicopter operations.
  • The project had been originally scheduled to launch in Q4 2024 but has faced multiple setbacks.
  • The first crude cargo, initially expected to load between 21-24 February, has now been pushed back to 14-17 April, according to loading schedule, cited by Kpler.
  • The grade is a light sweet. While its high middle distillate yield may make it an attractive feedstock for EU refineries, they will need to manage its high pour point of 6C, Kpler added. This may be addressed if Equinor explore blending options.